Home / Analysis / Total Market Cap Jumps $11 Bln, Bitcoin Sees Strongest 24-Hour Performance Since July

Total Market Cap Jumps $11 Bln, Bitcoin Sees Strongest 24-Hour Performance Since July

After the certain change the market dump, cryptocurrencies are staking major recoveries across the board, with all of the major coins seeing significant growth and scattered assets sealing double-digit gains, as data from Coin360 shows.

Bitcoin (BTC) has soared 9.3 percent on the day, breaking above the $4,000 mark to trade at trade at $4,050 at press time. This will major bounce has set Bitcoin on track for its strongest daily performance since July.

On the week, Bitcoin remains almost 16 percent in the red; monthly losses are at a stark 37 percent.

Ripple (XRP) is up by a similarly strong 8.3 percent on the day to trade at $0.37 to press time. Today, with a market share of around $15 billion as compared with Ethereum (ETH)’s $11.9 billion the alt is holding on to its margin as second- largest ranked crypto asset.

Ripple’s weekly and monthly charts are also in the red, with losses of 21 and 18 percent respectively.

Third-ranked crypto by market cap Ethereum (ETH) has clawed back lost ground to grow 9.7 percent on the day, trading at $114 to press time. The asset’s intraweek low came perilously close to double-digits in fiat value amid the market tumble, and it remains down a hefty 23 percent on its weekly chart. On the month, Ethereum is down close to 44 percent.

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